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Bermuda Goes for Size

Jul 31, 2013

Bermuda has priced $750m in new 2024 bonds, raising its largest-ever issue size and printing enough to cover its fiscal deficit over the next several years, after seeing more than $2.25bn in demand from approximately 175 accounts. The Aa3/AA minus/AA minus sovereign’s ability to print on the higher end of a $500m-$750m...

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